Automobile stocks rev higher after Europe fears ease

The auto sector is taking the election news out of France very well. Centrist candidate Macron's first-round victory is seen as a positive for EU trade, and thus supportive of automobile sales. In mid-day European trading, BMW (OTCPK:BMWYY) is up 3.3%, Daimler (OTCPK:DDAIF) is 2.6% higher, Volkswagen (OTCPK:VLKAY) trades up 2.6% and it's a 5.3% pop for Renault (OTC:RNSDF).